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The last few years have seen a major boost in India in the rise of the number of entrepreneurs and start up organisations. While most of them manage to leave their mark, there are many that perish due to not having the necessary funds required for the sustenance of the company.
As with anything else, there are Do’s and Dont’s when it comes to start ups and aspiring entrepreneurs seeking investments to further their enterprise.
Here are some of the biggest Dont’s and things to avoid when seeking an investment according to Avi Mittal, CEO of Golden Ace Ventures.
Overconfidence – everyone loves a confident sales pitch, it makes the investors more inclined towards considering your proposition but overconfidence can be your downfall.
Half knowledge – if you come with half knowledge to an investor to seek an investment, it’s a recipe for disaster. If the numbers that you are projecting don’t match up, it will back fire and cost you the investment that you seek to further the growth of your company or organisation.
Unrealistic valuations – if you’re seeking an investment, you need to be upfront with the real valuation of your company and not what you think it could be. For example if you seek an investment of 1 million dollars for 10 percent equity, you’re evaluating your company at 10 million dollars but the sales figures put you at 3 million dollars. Any investor would turn away in that situation.
Avi is in all definitions of the term, a serial entrepreneur, he has had various ventures since he started his journey over a decade ago be it edutech or Sports IP’s. He is one of India’s leading entrepreneurs of the young generation and established himself as a force to be reckoned with, not just in India but on a global scale.
